SoulCycle London Faces Wind-Up Petition by Aristocrat Landlord
- Cadogan issues winding-up petition against fitness chain
- SoulCycle will try to resolve issue through negotiations
A SoulCycle studio..
Photographer: Scott Olson/Getty Images
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Landlord Cadogan Estates Ltd has asked UK courts to close the London-based arm of Equinox Holdings Inc.’s SoulCycle, with the luxury gym chain still struggling to recover in the aftermath of Covid restrictions.
The property investor, controlled by the family of the Earl of Cadogan, made a winding-up petition against SoulCycle London Ltd this month, according to official records. The petition, which asks a court to liquidate companies at the behest of a creditor, will be brought before a London court on April 26, Judge Sally Barber said in a court hearing Wednesday.